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Credit Suisse Funds Scalent Systems Expansion

Scalent Systems, whose Virtual Operating Environment (V/OE) software is leading the next generation of data center virtualization, today announced its C round of equity funding. This round was led by new investor Credit Suisse and includes participation by all existing investors, Hummer Winblad, JK&B Capital, and Pequot Capital. The funding round will provide $15 million in venture capital, which will be used for continued expansion of sales operations.

"The backing of Credit Suisse serves not only as a solid foundation for our continuing expansion, but as a significant validation of our technology," said Ben Linder, CEO, Scalent Systems. "Some of the world's largest institutions are now running Scalent V/OE to support their mission-critical systems, and we're proud to be bringing greater reliability and agility to their data centers."

"Having validated Scalent V/OE, we were convinced of its value and durability in demanding enterprise environments," said Wayne Nemeth of Alternative Investments at Credit Suisse. "We firmly believe that Scalent's products will help enterprises increase their data center reliability, responsiveness, flexibility, and asset utilization - and are pleased to have had the opportunity to invest in the company."

Scalent Systems is the first company to virtualize the entire environment of existing virtual and physical servers, networking, and storage resources, unifying data center infrastructure. Scalent's Virtual Operating Environment (V/OE) software enables companies to streamline their disaster recovery processes, business system management, and the automation of large server populations in both production and dev/test labs. Companies using Scalent's "rack once, cable once, reconfigure repeatedly" functionality have realized dramatic increases in enterprise data center flexibility and asset utilization, thereby contributing to their business bottom line.

About Scalent Systems

Scalent Systems is the leading provider of server infrastructure repurposing software to large enterprise data centers. Scalent Systems' Virtual Operating Environment (V/OE) software lets large enterprises radically increase data center flexibility and asset utilization. Using Scalent software, companies have been able to implement cost-effective disaster recovery, IT consolidation, and dev/test operational solutions, while realizing the benefits of reduced infrastructure overhead, simplified manageability, and increased system performance. Many of the Fortune 1000 companies rely on Scalent to support their success, having adopted the software as an integral part of their business plans.

Published Tuesday, January 23, 2007 6:08 PM by David Marshall
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